Metals News: Two pelletizing plans with production capacity of 5 million tonnes (total capacity of 10 million tonnes) will be inaugurated by cooperation with private sector in the current Iranian year(will end in March 2017), Chairman of the board of IMIDRO said.

According to the report of public relations of IMIDRO, So far, we are increasing production capacity of pellets and iron ore concentrates to 15 and 17 million tonnes respectively in Sangan zone. These two plans will add 10 million tonnes to pellet production capacity of the country, Mehdi Karbasian said. In line with objectives of Resistance Economy’s policies, inauguration of pelletizing and iron ore concentrates will lead to balance of steel chain industry by March2017, he added. Each unit of mineral products will create at least 3 times added value, although IMIDRO plans to increase further added value in rare earth elements sector, Karbasian continued. He mentioned negotiations with reputable international companies for investment in mine and mining industries projects in post sanctions era and said: “regarding signed memorandums of understanding, foreign investment attraction and new technology transfer are very important factors for us. So, we announced in our negotiations with international firms that partnership with Iranian companies in private sector in order to technology transfer is our main priority”. Before sanctions, foreign countries had little interest to negotiate with Iran for investment but now major world insurance companies such as SACE, Coface, Hermes, etc., are willing to guarantee financing projects

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